Minimising Risk, Maximising Returns, and Measuring Impact: these are the cornerstones of Cassa Depositi e Prestiti’s new paradigm and form the basis for the inaugural CDP Strategic Monitoring Report.
The document examines the goals accomplished by the Group in 2022 through the deployment of its resources, the characteristics of the parties that received funding, and the impact generated by region and intervention area.
The data in the report indicate that in 2022, CDP executed more than 8,000 financing or capital disbursement transactions, mobilising €30.6 billion for the benefit of approximately 47,000 companies and 5,000 entities reached via the Public Administration channel. Approximately 85% of these transactions fall into the ten areas of intervention outlined in the CDP 2022-2024 Strategic Plan. This plan aims to support the country in tackling challenges related to climate change, fostering inclusive and sustainable growth, and re-evaluating value chains.
The report also emphasises the extensive presence of CDP across Italy. The Report finds that in 2022, 50% of the Italian population resided in a municipality or metropolitan city that benefited from activities supported by Cassa Depositi e Prestiti. Furthermore, in 60% of these municipalities, at least one company has benefitted from the Group’s actions.
Having a local presence reflects CDP's mission of acting as a complement to the market and offering specific support to the most vulnerable areas, which are less profitable for traditional banking institutions. For instance, half of the municipalities that CDP serves can be categorised as small, with a population of fewer than 5,000 residents, or as municipalities situated in inland regions. That's not all: over 40% of the resources allocated by CDP are intended for parties operating in central and southern Italy, with 17% solely for the south. This percentage is above that of the national banking system, underscoring CDP's dedication to fostering the economic growth of these regions.
Utilising established impact assessment techniques, the Report reveals that CDP's activities in 2022 have had a substantial impact on the economy and society, contributing 1.7% to Italy's GDP, a rise from the preceding year's 1.6%. Furthermore, it created employment opportunities for 470,000 individuals, an increase of 70,000 compared to 2021.
Read the report